[PDF] Top 20 CFA 2018 Quest bank 03 Discounted Dividend Valuation

... its dividend at an annual rate of 13% for the foreseeable ...the dividend-growth rate to back out another return estimate to test against ...a dividend of $2.15 per share during the 12-month period, ... Lihat dokumen lengkap

... 23. An investor buys one share of a stock at $85 at t = 0. He buys an additional share for $90 at t = 1. The stock pays a dividend of $5 per share at t = 1 and t = 2. The investor sells both the shares at t = 2 ... Lihat dokumen lengkap

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... A week after the meeting, Jonathan Hodges approached Ballmer regarding two issues he had while applying free cash flow based valuations. The first issue that Hodges had was that he calculated the equity value of a firm ... Lihat dokumen lengkap

... For companies that report a lot of depreciation expense or must be compared to companies with different levels of financial leverage, the EV/EBITDA ratio may be more useful than the P/E. For companies that pay a ... Lihat dokumen lengkap

... 8. Northern Airways has a current book value of $15 per share. The company's expected long- term ROE is 15% and its cost of equity is 11%. The company maintains a dividend payout ratio of 70% and has constant ... Lihat dokumen lengkap

... 32. Jill Angelica wishes to compute the fundamental leading P/E ratio of the firm SunBeams. She knows the retention ratio, the required rate of return on the stock and the worth of the dividend in dollars. Which ... Lihat dokumen lengkap

... 11. B is correct. Free cash flow models assume a control perspective whereas dividend discount models assume a minority perspective. Free cash flow models can be applied to companies with a dividend ... Lihat dokumen lengkap

... The dividend discount framework was advanced by John Burr ...modern dividend discount and free cash flow models, which are absolute valuation ... Lihat dokumen lengkap

... 3. CRG is in the manufacturing industry. The company has found it difficult to pay dividends over the years due to debt financing requirements. Moreover, even though the company has been profitable over the last few ... Lihat dokumen lengkap

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... 22. A is correct. “The IRR, a cash-flow-weighted rate of return, is deemed the most appropriate measure of private equity performance by the Global Investment Performance Standards (GIPS), Venture Capital and Private ... Lihat dokumen lengkap

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